Jiangsu Huifeng Agrochemical Co., Ltd.



Quote for Jiangsu Huifeng Agrochemical Co., Ltd.

Last Trade:
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Symbol/Code:
002496
Status:
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Stock Type:
A Share
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Currency in CNY Time=UTC+8002496 quote

Summary for Jiangsu Huifeng Agrochemical Co., Ltd.

JIANGSU HUIFENG AGROCHEMICAL CO., LTD. is principally engaged in the manufacture and distribution of agricultural chemical products. The Company primarily provides fungicides, pesticides, herbicides, fine chemicals and chemical intermediates. The Company distributes its products within domestic market and to overseas markets.

Profile for Jiangsu Huifeng Agrochemical Co., Ltd.

Full Name:Jiangsu Huifeng Agrochemical Co., Ltd.
Full Name in Chinese:江苏辉丰农化股份有限公司 Short Name in Chinese:辉丰股份
Symbol/Stock Code:
002496
Listed in:
Shenzhen Stock Exchange
Issued Capital
-
Negotiable Capital:
-
Chairman:
Zhong Hangen
Secretary of the Board:
Ben Yinliang
Phone:
+86-515-83255333
Fax:
+86-515-83516755
Official Website:www.hfagro.com
E-mail:jshuifenggufen@163.com
Address:No. 90, Renmin South Road,No. 90, Renmin South Road, Dafen,YANCHENG JNG 224100
IPO Subscription Date:
2010-10-27
Listing Date:
2010-11-09
IPO Issued Capital:
25000000
IPO Price:
48.69 CNY
IPO fees:
75356400 CNY
Money Raised by IPO:
1217250000 CNY
IPO Par Value:
1.00 CNY
Net Money Raised:
1141893600 CNY
Open(Listing day):
60.00 CNY
Close(Listing day):
63.11 CNY
Diluted P/E ratio after IPO:
48.6900
Turnover rate(listing day):
78.28%

Financials for Jiangsu Huifeng Agrochemical Co., Ltd.

UPDATE:2012-10-26 Annual Report Abstract:(All Currency In CNY)

Indicators/Till The Date
2012-09-30
2011-12-31
2010-12-31
2009-12-31
Net Profit(after tax)(Million)
77.9077
62.3455
100.7132
116.3734
Net Profit Growth(%)
47.91
-38.09
-13.45
34.62
Return On Equity(ROE)(%)
4.57
3.87
6.27
31.92
Debt ratio(%)
36.69
27.30
13.63
48.75
Net Operating Cash Flow/Net Profit(%)
21.57
-165.99
117.59
48.44

Per Share Financial Data:(All Currency In CNY)

Per Share Indicators/Till The Date
2012-09-30
2011-12-31
2010-12-31
2009-12-31
Earnings Per Share(EPS)
0.4800
0.3900
0.8200
1.5500
Diluted Earnings Per Share
0.0000
0.3700
0.7600
1.3300
Net Asset Value Per Share (NAVPS)
10.4500
10.0700
16.0700
4.8600
Additional Paid-In Capital Per Share
7.0041
6.9661
11.7301
0.7482
Retained Earnings Per Share
2.1981
1.8602
3.0089
2.7978
Net Cash Flow From Operatings Activities Per Share
0.1000
-0.6500
1.1800
0.7500
Net Cash Flow Per Share
-0.2227
-1.0189
10.1966
-0.2851

Balance Sheet:(All Currency In CNY)

Assets And Liabilities/Till The Date
2012-09-30
2011-12-31
2010-12-31
2009-12-31
Total Assets(Million)
2966.4517
2372.7261
1862.8009
714.5858
Total Liabilities(Million)
1088.6213
647.8064
253.9201
348.4023
Current Liabilities(Million)
1074.873
632.8448
239.5544
340.3023
Long Term Liabilities(Million)
-
-
-
-
Cash And Cash Equivalents(Million)
937.7827
951.845
1117.6762
108.1591
Accounts Receivables(Million)
281.6371
223.169
95.6615
34.1246
Deposit Received(Million)
37.1537
47.2297
23.7772
32.2499
Other Receivables(Million)
34.255
21.0266
9.4438
6.2015
Bad Debt Reserve(Million)
-
-
-
-
Shareholder's Equity/Owner's Equity(Million)
1706.1009
1611.1264
1607.2141
364.6074
Debt ratio(%)
36.69
27.30
13.63
48.75
Equity Ratio(%)
57.5100
67.9000
86.2700
51.0200
Current Ratio
1.8645
2.5531
5.9832
1.0664
Quick Ratio
1.3286
2.0183
5.2275
0.4829

Cash Flow Statement:(All Currency In CNY)

Cash Flow/Till The Date
2012-09-30
2011-12-31
2010-12-31
2009-12-31
Cash From Selling Commodities(Million)
1006.3918
824.1261
694.1914
700.4649
Net Cash Flow From Operatings Activities(Million)
16.8071
-103.4885
118.4325
56.3677
Net Cash Flow From Operatings Activities Change(%)
-121.46
-187.38
110.11
-47.15
Net Cash Flow(Million)
-36.3855
-163.0293
1019.6641
-21.3806
Cash From Selling Commodities/Prime Revenue(%)
93.09
78.64
87.60
101.58
Net Cash Flow/Net Profit(%)
-46.70
-261.49
1012.44
-18.37
Cash Flow From Investing Activities(Million)
-326.2301
-170.0979
-125.7313
-47.5818
Cash Flow From Financing Activities(Million)
272.0194
111.5865
1027.5229
-29.8827

Income Statement:(All Currency In CNY)

Income Indicators/Till The Date
2012-09-30
2011-12-31
2010-12-31
2009-12-31
Prime Operating Revenue(Million)
1081.0455
1047.9382
792.4373
689.5368
Prime Operating Profit(Million)
-
-
-
-
Operating Costs(Million)
27.4392
42.0905
32.2603
29.2253
Administrative Costs(Million)
125.5175
141.661
93.8691
89.0811
Financing Costs(Million)
1.1514
-12.7317
4.3663
7.9374
Above Three Costs Change(%)
55.81
31.05
3.37
12.24
Operating Profit(Million)
106.2967
75.1933
105.7064
120.7338
Income From Investment(Million)
0.4868
0.5259
-
1.8589
Government Subsidies(Million)
-
-
-
-
Net Non-Operating Income And Expense(Million)
6.9327
6.0409
11.9907
16.4552
Total Profit(Million)
113.2294
81.2343
117.6971
137.189
Corporate Income Tax(Million)
22.6994
14.1101
16.8933
20.7672
Net Profit(Million)
77.9077
62.3455
100.7132
116.3734
Gross Profit Ratio(%)
24.38
24.47
30.39
35.36
Operating Margin(%)
9.83
7.17
13.33
17.50
Return On Equity(ROE)(%)
4.57
3.87
6.27
31.92

Announcements for Jiangsu Huifeng Agrochemical Co., Ltd.

Date: 2012-09-05
Title: DIVIDEND IMPLEMENTATION (CASH ONLY)
2012 interim distribution plan to be implemented (A shares):

1. Cash dividend/10 shares (tax included): CNY1.00000000
2. Bonus issue from profit (share/10 shares): none
3. Bonus issue from capital reserve (share/10 shares): none


Record date: 12 September 2012
Ex-date: 13 September 2012
Payment date: 13 September 2012

10 percent withholding tax on cash dividend will be deducted in CNY within the cash dividend receivable. Please refer to below details:
Tax on cash dividend/10 shares: CNY0.10000000(10 percent x CNY1.00000000)
Net cash dividend/10 shares after tax: CNY0.90000000(CNY1.00000000- CNY0.10000000)
Date: 2012-09-04
Title: EGM RESOLUTION
The Company held its 3rd Extraordinary General Meeting of 2012 on 03 September 2012, during which the following proposal(s) was/were approved:
1. 2012 interim profit distribution plan: cash dividend (tax included): CNY1.0000 per 10 shares
Date: 2012-08-15
Title: INTERIM DIVIDEND
The Company issued its 2012 interim report on 15 August 2012.

The profit distribution proposal for 2012:
1. Cash dividend/10 shares (tax included): CNY1.00000000
2. Bonus issue from profit (share/10 shares):none
3. Bonus issue from capital reserve (share/10 shares):none.
Date: 2012-08-15
Title: EGM-SPOT
The Company will hold the 3rd Extraordinary General Meeting of 2012 at 09:00 on 03 September 2012.

Meeting agenda:
1. 2012 interim profit distribution plan: cash dividend (tax included): CNY1.0000 per 10 shares


Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 29 August 2012 are entitled to vote. Original notarized power of attorney for voting is required.
2. Directors of the board, supervisors of the supervisory committee, senior executives and appointed lawyers are entitled to attend the meeting.

Registration period: from 31 August 2012 to 31 August 2012
Date: 2012-08-14
Title: EGM RESOLUTION
The Company held its 2nd Extraordinary General Meeting of 2012 on 13 August 2012, during which the following proposal(s) was/were approved:
1. Amendments to the Company's articles of association
2. Plan on the shareholders' return for the next three years from 2012 to 2014
Date: 2012-05-23
Title: LISTING OF SHARES UNDER INCENTIVE PLAN
Among 3415000 A-shares granted under the Company's incentive plan, 3415000 shares of them will be listed on the Shenzhen Stock Exchange on 28 May 2012.
Date: 2012-05-10
Title: AGM RESOLUTION
The Company held its Annual General Meeting of 2011 on 09 May 2012, during which the following proposal(s) was/were approved:
1. 2011 work report of the board of directors
2. 2011 financial resolution report
3. 2011 annual report and its summary
4. 2011 profit distribution plan
5. Reappointment of audit firm
6. 2011 work report of the supervisory committee
The detailed profit distribution plan are as follows:
1) Cash dividend/10 shares (tax included): CNY0.00000000
2) Bonus issue from profit (share/10 shares): none
3) Bonus issue from capital reserve (share/10 shares): none.
Date: 2012-04-18
Title: FINAL DIVIDEND
The Company issued its 2011 annual report on 18 April 2012.

The profit distribution proposal for 2011:
1. Cash dividend/10 shares (tax included): CNY0.00000000
2. Bonus issue from profit (share/10 shares):none
3. Bonus issue from capital reserve (share/10 shares):none.
Date: 2012-04-18
Title: AGM-SPOT
The Company will hold the 2011 Annual General Meeting at 09:00 on 09 May 2012.

Meeting agenda:
1. 2011 work report of the board of directors
2. 2011 financial resolution report
3. 2011 annual report and its summary
4. 2011 profit distribution plan
5. Reappointment of audit firm
6. 2011 work report of the supervisory committee
The detailed profit distribution plan are as follows:
1) Cash dividend/10 shares (tax included): CNY0.00000000
2) Bonus issue from profit (share/10 shares): none
3) Bonus issue from capital reserve (share/10 shares): none

Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 04 May 2012 are entitled to vote. Original notarized power of attorney for voting is required.
2. Directors of the board, supervisors of the supervisory committee, senior executives and appointed lawyers are entitled to attend the meeting.

Registration period: 07 May 2012
Date: 2012-04-17
Title: EGM RESOLUTION
The Company held its 1st Extraordinary General Meeting of 2012 on 16 April 2012, during which the following proposal(s) was/were approved:
1. Initial restricted stock incentive plan (formal draft)
2. Implementation and appraisal measures for the initial restricted stock incentive plan
3. Mandate to the board to handle matters in relation to the A-share restricted stock incentive plan
4. Amendments to the Company's articles of association.